SINOVATE Blockchain Stats

Genesis Block: 26 September 2018

Block Height: 287,617

Circulating Supply

490,725,546 SIN

Total Addresses

779,878 Addresses

Total Transactions

8,075,676 Transactions

Total Burnt

547,954,257 SIN

About SINOVATE

SINOVATE (SIN) is an open-source state of the art Peer-to-Peer (P2P) digital cryptocurrency dedicated to developing cutting edge Blockchain products, services, and solutions.

SIN seeks to implement innovative Blockchain technologies into all areas of the modern economy and is continuously researching new applications for private and corporate use.

The SINOVATE team is committed to transparency and acknowledges that the Blockchain industry is still in its infancy. As such, several obstacles must be addressed, and to overcome these, SINOVATE has assembled an experienced and talented team that is ready for the challenge.

About SIN

Mission

Mission

In this new digital space called blockchain, Creating and Building Innovation is very challenging and dynamic. Though Cryptographic technology is still in its infancy, its advantages are proven. Many economists forecast that blockchain will revolutionize nearly every modern industry. The implications of this are far-reaching and extend past the traditional use of cryptocurrency as a store of value.
SINOVATE is a decentralized open-source network that is composed of a combination of pre-existing and innovative blockchain technologies. This combination has been explicitly tailored to overcome the challenges of scalability, security, and ingenuity.<
Our goal is to launch SINOVATE innovations in combination with a user-friendly platform that is fully integrated into the user’s day to day life.
We want to Create, Build, and Innovate!

Incorruptible Data Storage

The SIN blockchain facilitates an unlimited amount of decentralized data transfer and storage.
I.D.S. manages big Data of the world and the privacy of Big Data without the need of a 3rd party.

Infinity Nodes

Designed specifically to address the economic problems all Masternode projects face, Infinity Nodes help to limit the inflation rate and available coin supply.

X25X Algorithm

Leading-edge custom X25X GPU mining algorithm. More complex, less power-hungry.

Mission

spec

Specifications

SINOVATE’s X25X algorithm is GPU mineable and ensures ASIC, FPGA, and QUANTUM resistance, solidifying the decentralized consensus mechanism in the process.

Block Time

2 Minutes

Max Transactions
Per Second

533 tx/s

Total Supply

Around 2.5 billion SIN after 20 years

Max Block Size

16 MB

spec

features

Features

Minimum Guaranteed up to 22% Annual ROI

Infinity Node holders earn a minimum
guaranteed up to 22% annual ROI.

Revolving Sovereignty Votes – Decentralised Voting

Infinity Node holders can participate in decentralized voting using the built-in revolving E-Governance system.

FlashSend

Permits 533 transactions per second (TPS) in less than 2 seconds, which is approximately 75 times more scalable than Bitcoin.

Tiered Node Offering

1M SIN – Big SIN min 22%
500K SIN – Mid SIN min 17%
100K SIN – Little SIN min 12%

Burn Away Your SINs

Every started new Infinity Node must permanently burn the required collateral to maintain a low circulating supply, a consistent coin demand, and a stable coin value.

SINOVATE Financial Status

10% Founders Fee From Every Block

fee

Roadmap

roadmap

- Trezor and Ledger wallet integration (Trezor prior to Ledger).

- Updated SINOVATE Mainnet wallet release (completed by December 2019).

- SIN transaction fees increased (fees burnt to lower coin emission) - Mobile wallet releases for
Android and iOS devices (completed by December 2019).

- Financial Statements.

- Weekly and Monthly Reports.

- SINOVATE Whitepaper V3 XXL (120+ pages) publication.
2019
December
- Deterministic Infinity Node infrastructure established - double run in mainnet.

- Add deterministic Infinity Node list and rewards.

- Deterministic Infinity Node Technical Whitepaper publication. InfiniteChain and
I.D.S. Evolution Technical Whitepaper publication.

- SINOVATE addition to a major exchange.

- Financial Statements.

- Weekly and Monthly Reports.

- Blockchain Istanbul Summit (late February 2020).

- Quarterly AMA Streaming and Youtube Podcasts.
2020
Q1
- Initial Burn Offering (IBO) released from SINOVATE Blockchain.

- A maximum of 135 million SIN coins burnt.

- Proof of Concept.
2020
May
- Big Data Revolution via the utilization of Infinity Nodes
- Step 1: Incorruptible Data Storage (I.D.S).
Add feature for sending data with SIN coin transactions (similar data ‘format’ to Bitcoin). Data can be saved in a
SIN node and is limited to small-sized documents (i.e., SMS or text. Blockchain Mail (B-Mail) initially introduced
and implemented).
- R.S.V. E-Governance implementation (Infinity Node-based DAO creation). Annually Revolving Voting via
Infinity Nodes for SIN Governance.
- Schnorr signatures addition
- SIP 06: X27MH (MemoryHard) or RANDOMX flavored GPU mining, shielded by the new and unique,
exceedingly power-efficient custom, Memory Intensive, ASIC, FPGA, Quantum Resistant Algorithm.
Node rewards and tier node limits reduced for lower coin emission.
- 1200 maximum node count with four tiers (each tier permitting a maximum of 300 nodes).
- Financial Statements.
- Weekly and Monthly Reports.
- SINOVATE addition to a major exchange.
- Quarterly AMA Streaming and Youtube Podcasts.
2020
Q2
- Quarterly AMA Streaming and Youtube Podcasts.

- SINOVATE 2nd Anniversary(Meetup or Summit participation) Financial Statements.

- Weekly and Monthly Reports.

- SINOVATE addition to a major exchange.
2020
Q3
- Step 2: Incorruptible Data Storage (I.D.S) Blockchain Mail (B-Mail).
Add feature for sending all types of data with SIN coin transactions (i.e., voice and video files).

Quarterly AMA Streaming and Youtube Podcasts.

Financial Statements.

Weekly and Monthly Reports.
2020
Q4